SHIB (Shiba Inucoin) has increased hundreds of times in January. What core elements must a hundred times coin have?

In the past few days, a coin called "shiba dog coin" (SHIB), also commonly known as "shit coin", has increased by more than 5 times in a day, and has increased by about 300 times in the past month. In just two or three months, it has increased by more than 10,000 times. It is said that it is another veritable ten-thousand-fold coin after the big uncle (YFI) since the rise of DeFi.

However, after researching it, the opinions of insiders are almost polarized: some say it is a bubble, and some say it is a miracle. Regardless of the final outcome of shitcoin, I have seen from its growth experience so far the basic characteristics of some varieties that have become hundreds of times or even ten thousand times in the digital currency field.

Shitcoin founder Ryoshi is an old player in the circle. He has always been keen to find a way to ensure that a project starts from scratch and grows in a pure and pure decentralized way through technical means. To achieve this, the first thing to do is how to abandon the protection and claim of the project sponsor for his own interests in the project.

Among all digital currency projects so far, I am afraid that only Bitcoin has such characteristics: Satoshi Nakamoto founded Bitcoin, but he did not take it as his own property, and when Bitcoin gradually grew, he left forever. Even the hundreds of thousands of untouched bitcoins sealed in his account have always become a shining point in the bitcoin legend.

The Bitcoin created by Satoshi Nakamoto has derived an ecology, allowing miners, mining machine manufacturers, coin hoarders, exchanges, etc. countless players in this ecology to become wealth harvesters, but they have not allowed themselves to harvest wealth.

This is extreme decentralization.

I think in a way, Dogecoin also has this quality: its founder left the project very early and sold the existing Dogecoin as well.

Ryoshi, the founder of shitcoin, launched this project: 1000 trillion SHIBs were issued. Next he took two steps:

First, half of the 500 trillion pieces were sent to God V. He hopes that God V will continue to inherit the blockchain spirit left by Satoshi Nakamoto, and seal up the 500 trillion coins forever without realizing them.

Judging from the current price of shit coins, the 500 trillion coins that were penniless at the beginning are now worth 7.9 billion US dollars.

How God V will deal with these coins in the end, we have no way of knowing, but if God V really seals them up forever, it will undoubtedly push shit coins one step further to the miracle, and at the same time push himself one step further to the altar.

this means:

this means:

1. No one (including the team itself) will ever be able to get this trading pair back. No matter how much ETH there is in this transaction pair in the future, it will always belong to the entire SHIB community, not to any individual.

2. Everyone, including the entire team of SHIB, must go to Uniswap to buy coins by themselves. Everything starts from 0, and all participants are equal.

Since then, the legendary story of SHIB has begun to ferment: between its launch in August last year and January 30 this year, its price was almost close to 0, and on January 30, it slowly climbed to a coin value of 0.0000000014 US dollars. Then from January 30 to today’s $0.00001504, in just over 3 months, the increase was close to 11,000 times.

This is another social practice, a social practice that may fail at any time if you are not careful. But at least so far, everyone involved in this practice, especially V God and the founders of the project, are maintaining its growth. Whether it will succeed in the end, it is too early to draw conclusions, we will leave time to judge.

But from this miraculous history, I vaguely see the shadow of Bitcoin, which is the three elements that the founder of SHIB upholds: starting from scratch, all beings are equal, and community promotion.

I reviewed the well-known projects since the outbreak of DeFi last year, and found that many successful projects have these factors. Among these factors, what I value most is "all beings are equal". It means that the project belongs to the entire community, not just the private possession of the project team.

And one of the most concrete manifestations of "all beings are equal" is airdrops and fair launches (Fair Launch): every enthusiast has a fair opportunity to participate. Only in this way can the enthusiasm and motivation of the community be stimulated to push the project forward. In this regard, Bitcoin and SHIB have achieved the ultimate.

Of course, the analysis of SHIB with you today is not to recommend everyone to buy it. The current short-term price increase is huge, and the risk is also very high. I only analyze it from the essence.